George Joseph is bankrolling Proposition 17 on the June ballot, saying it’s about lowering rates for California drivers. Not everyone agrees.
I spent nearly two hours last Friday in the office of Mercury Insurance Chairman George Joseph. He seemed like a nice guy, but half an hour into it, my head was spinning.
Joseph was explaining why he’s bankrolling Proposition 17, which could affect the insurance premiums paid by millions of Californians. But by the second or third reference to industry terms like “portable persistency,” he might as well have been pulling out my fingernails with pliers.
“You can’t debate it in the newspaper,” Joseph said, conceding that insurance can be dry and complicated stuff.
If you can’t make sense of it in the newspaper, what can we expect from the 30-second TV spots we’ll be assaulted with leading up to the June election?
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